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Monthly Archives: November 2017

Indian Auto Industry in Changing World Order

Change is the only universal constant.  This is also quite evident in the global automotive industry and can be seen with regards to the products, consumer choice, markets, technology and the competitive paradigms that govern this sector. The changing world order in the automotive space can be categorized around a few important broad themes – “emergence of new markets and opportunities”, “enhanced ...

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Dharmendra calls for petrochemical industries

Union Minister for Petroleum and Natural Gas, Skill Development & Entrepreneurship, Dharmendra Pradhan inaugurated a first-of-its-kind Petrochemical Investors Conclave in Bhubaneswar in the presence of Shashi Bhusan Behera, Minister of Finance and Excise, Prafulla Samal, Minister of Micro, Small & Medium Enterprises, Govt. of Odisha, and other dignitaries. Over 750 delegates attended the Conclave. Addressing the gathering, Pradhan said that India’s ...

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Post GST, NALCO posts Strong Performance

The credit of success goes to team NALCO and our business strategy involving ramping up of production during downturn, cost focus and market harvesting” Tapan Kumar Chand, CMD, NALCO National Aluminium Company Limited (NALCO), the Navratna PSU, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium, has declared its financial results for ...

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Direct Tax Collections show Growth

The provisional figures of Direct Tax collections up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2% higher than the net collections for the corresponding period of last year. Net Direct Tax collections represent 44.8% of the total Budget Estimates of Direct Taxes for F.Y. 2017-18 (Rs. 9.8 lakh crore).  Gross collections (before adjusting for refunds) have increased by 10.7% to Rs.5.28 ...

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IBBI strengthens its Due Diligence Framework under the Insolvency and Bankruptcy Code, 2016

Now prior to approval of a Resolution Plan, the Resolution Applicants, including promoters, will be put to a stringent test with respect to their credit worthiness and credibility; Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Resolution Process, 2016 impose a greater responsibility on the Resolution Professionals  and the Committee of Creditors in discharging their duties. Insolvency and ...

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Onions to be imported through Government agency

The meeting of Price Stabilization Fund Management Committee (PSFMC) headed by Secretary, Consumer Affairs, Avinash K Srivastava was held in New Delhi on 09.11.2017. In the meeting, decision was taken to import onions through Government Agency to augment the availability of onions in market to moderate prices. Further, it was also decided that NAFED and SFAC to procure 10,000 MT ...

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India is one of the oldest organic agricultural nations: Radha Mohan Singh

Union Minister for Agriculture and Farmers Welfare, Radha Mohan Singh said India is one of the oldest organic agricultural nations of the world and a large part of the country still practices traditional organic farming. Singh said it at the inauguration of Organic World Congress 2017 at India Expo Centre in Greater Noida. The event, organized by International Federation of ...

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Storage Level of 91 Major Reservoirs goes down

The water storage available in 91 major reservoirs of the country for the week ending on November 09, 2017 was 105.984 BCM, which is 67% of total storage capacity of these reservoirs. This percentage was at 69 for the week ending on November 02, 2017. The level of water storage in the week ending on November 09, 2017 was 96% of the storage of corresponding period of last year ...

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National Entrepreneurship Award 2017 (Mentor) to Dr. Renu Swarup, Sr Adviser, DBT

Dr. Renu Swarup, Senior Adviser in the Department of Bio-technology, Ministry of Science & Technology has been awarded with National Entrepreneurship Award, 2017 under Mentor (Government) category in the Recognition Track. Union Finance Minister Arun Jaitley presented the awards at the National Entrepreneurship Award Ceremony, 2017 in New Delhi. Dr Renu Swarup is presently Senior Adviser for Department of Biotechnology (DBT), ...

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2nd Meeting of EAC-PM focuses on Job Creation, Social Sector and Infrastructure

The Second Meeting of the Economic Advisory Council to the Prime Minister chaired by Dr. Bibek Debroy, Member NITI Aayog, spelt out a clear road map for stepping up skill development, job creation; enhanced resource investment in the social sector- including for Health and Education and for boosting Infrastructure financing. It formulated far reaching recommendations to guide the evolving framework ...

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